AMF Tjanstepension 13F: Cuts TSM Stake by $24M

AMF Tjanstepension reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited TSM by 53,088 shares during the quarter, according to a Form 13F filed with the SEC on October 22, 2026. The adjustment left the fund with 1,502,106 shares of the semiconductor producer, with an estimated value of $685,245,736 at the end of the period. This marks a 3.4% decrease in the fund's position size compared to the prior quarter.

TSM Taiwan Semiconductor Manufacturing Company Limited

$411.02 ▲ +29.61% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in AMF Tjanstepension's Taiwan Semiconductor Position

The fund trimmed its exposure to the chip manufacturer by shedding 53,088 shares out of its previous total of 1,555,194 shares. Even with this reduction, the remaining 1,502,106 shares represent a major allocation worth over $685 million.

Other Institutional Activity in Taiwan Semiconductor

Other large funds also adjusted their positions in the semiconductor giant during the filing period. Crossmark Global Holdings trimmed its holdings by 21,877 shares, ending with 223,990 shares worth about $102.2 million. Guardian Partners cut its stake by 2,395 shares to finish with 18,640 shares valued at roughly $8.5 million. Canoe Financial reduced its position by 77,950 shares, leaving it with 642,620 shares worth approximately $295.1 million. Global X Japan lowered its holdings by 5,156 shares to 26,022 shares valued at about $11.9 million. On the other hand, CGN Advisors grew its holdings by 2,858 shares, ending with 4,121 shares worth about $1.9 million.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 1.1%

The stock recently traded around $420.23, sitting 3.3% below its 50-day moving average of $434.70 and 5.9% above its 200-day moving average of $396.70. Shares sit 13.8% under their 52-week high of $487.47 and well above their 52-week low of $266.82.

Recent Earnings

The company reported trailing twelve-month revenue of $4.94 trillion alongside basic earnings per share of $15.43. Profitability metrics show a strong net profit margin of 51.1% and a return on equity of 41.9%. Revenue grew 50.9% year-over-year. The next earnings report is scheduled for January 14, 2027.

Dividend

The company pays an annual dividend rate of $3.77 per share, yielding 0.87% based on current trading levels.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Company officer Bor-Zen Tien made several small purchases earlier in the year. He bought 20 shares on April 28, 2026, followed by 17 shares on May 20, 2026. Later, he picked up 10 shares at $405 per share for a total of $4,050 on July 20, 2026, and added 15 shares at $390 per share for a total of $5,850 on July 28, 2026.

Analysts Set New Price Targets

Wall Street firms updated their outlooks ahead of the filing period. On September 2, 2026, Stifel initiated coverage with a buy rating and a $515 target. Barclays maintained its overweight rating on October 6, 2026, while raising its target to $665. Needham maintained a buy rating with a $560 target on October 15, 2026. Barclays raised its target again to $670 on October 16, 2026. DA Davidson maintained a buy rating with a $500 target on October 16, 2026. The stock currently holds a consensus strong buy rating and a mean price target of $584.39 across 20 analyst opinions.

About Taiwan Semiconductor

Headquartered in Hsinchu City, Taiwan, Taiwan Semiconductor Manufacturing Company Limited operates as a major contract chipmaker, producing custom integrated circuits and advanced semiconductors for technology firms worldwide. Its fabrication plants supply essential microchips used across computing, mobile, and consumer electronics.

Bottom Line

AMF Tjanstepension adjusted its large holdings in Taiwan Semiconductor alongside shifts from other institutional investors. Market participants will watch upcoming earnings on January 14, 2027, to gauge ongoing demand for advanced chip manufacturing.